Lee Financial Co Sells 178 Shares of Exxon Mobil Co. (NYSE:XOM)

Lee Financial Co decreased its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 0.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,510 shares of the oil and gas company’s stock after selling 178 shares during the period. Exxon Mobil makes up about 0.4% of Lee Financial Co’s investment portfolio, making the stock its 27th largest holding. Lee Financial Co’s holdings in Exxon Mobil were worth $2,529,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the stock. Secured Retirement Advisors LLC raised its position in Exxon Mobil by 207.2% in the 4th quarter. Secured Retirement Advisors LLC now owns 9,927 shares of the oil and gas company’s stock valued at $1,068,000 after buying an additional 6,696 shares during the last quarter. Strategic Financial Concepts LLC grew its stake in shares of Exxon Mobil by 90.9% during the 4th quarter. Strategic Financial Concepts LLC now owns 30,476 shares of the oil and gas company’s stock worth $3,278,000 after acquiring an additional 14,513 shares in the last quarter. Allworth Financial LP raised its holdings in shares of Exxon Mobil by 43.9% in the fourth quarter. Allworth Financial LP now owns 298,291 shares of the oil and gas company’s stock valued at $32,672,000 after purchasing an additional 90,939 shares during the last quarter. Principal Securities Inc. lifted its position in shares of Exxon Mobil by 6.1% in the fourth quarter. Principal Securities Inc. now owns 91,519 shares of the oil and gas company’s stock worth $9,845,000 after purchasing an additional 5,277 shares in the last quarter. Finally, Centerpoint Advisory Group acquired a new position in Exxon Mobil during the fourth quarter worth $289,000. 61.80% of the stock is owned by institutional investors.

Insider Buying and Selling at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,100 shares of Exxon Mobil stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total value of $231,000.00. Following the completion of the sale, the vice president now directly owns 18,087 shares in the company, valued at approximately $1,989,570. The trade was a 10.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.03% of the company’s stock.

Exxon Mobil Trading Up 1.7 %

Shares of NYSE:XOM opened at $110.05 on Wednesday. Exxon Mobil Co. has a 12-month low of $102.64 and a 12-month high of $126.34. The business has a 50 day moving average of $108.68 and a 200-day moving average of $114.61. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. The stock has a market cap of $483.66 billion, a PE ratio of 14.04, a P/E/G ratio of 2.94 and a beta of 0.89.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 EPS for the quarter, missing analysts’ consensus estimates of $1.77 by ($0.10). Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. During the same period last year, the business earned $2.48 earnings per share. As a group, equities research analysts forecast that Exxon Mobil Co. will post 7.37 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th will be paid a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.60%. The ex-dividend date is Wednesday, February 12th. Exxon Mobil’s dividend payout ratio (DPR) is 50.51%.

Analysts Set New Price Targets

Several equities research analysts have commented on XOM shares. Piper Sandler cut their price target on shares of Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating on the stock in a research report on Thursday, December 19th. UBS Group dropped their target price on Exxon Mobil from $149.00 to $147.00 and set a “buy” rating on the stock in a report on Thursday, December 12th. TD Cowen decreased their price target on Exxon Mobil from $132.00 to $128.00 and set a “buy” rating for the company in a research note on Monday, December 16th. Argus raised Exxon Mobil to a “strong-buy” rating in a research report on Tuesday, February 4th. Finally, The Goldman Sachs Group cut their price objective on Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating for the company in a report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $129.25.

About Exxon Mobil

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.